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  • Banking Solutions Porus Mistry IDBI Bank Limited: Payment Systems

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    The document discusses building a robust payment system in India. It outlines the vision of establishing safe, secure, efficient payment systems. Six principles are discussed: switching to IT applications, standardizing products, seamless integration, system administration, monitoring, and security. The RBI's initiatives to analyze institutional mechanisms, functional initiatives, and expanding infrastructure are also summarized. There is still work to be done through concerted efforts and cooperation.

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    The document discusses building a robust payment system in India. It outlines the vision of establishing safe, secure, efficient payment systems. Six principles are discussed: switching to IT applications, standardizing products, seamless integration, system administration, monitoring, and security. The RBI's initiatives to analyze institutional mechanisms, functional initiatives, and expanding infrastructure are also summarized. There is still work to be done through concerted efforts and cooperation.

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    9 views11 pages

    Banking Solutions Porus Mistry IDBI Bank Limited: Payment Systems

    Uploaded by

    asmitaborkar
    The document discusses building a robust payment system in India. It outlines the vision of establishing safe, secure, efficient payment systems. Six principles are discussed: switching to IT applications, standardizing products, seamless integration, system administration, monitoring, and security. The RBI's initiatives to analyze institutional mechanisms, functional initiatives, and expanding infrastructure are also summarized. There is still work to be done through concerted efforts and cooperation.

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    of 11

    Payment Systems

    Banking Solutions
    Porus Mistry
    IDBI Bank Limited
    Head – Wealth Management, Government
    Business & RTGS – Operations
    Some of my concerns !
    have my Saving Bank a/c. with so many How secure & effective are the
    anks how do I use my money effectively ! Infrastructure & payment system!

    So many Banks across the country?


    How secure is my hard earned money!
    How is my money moving !

    December 8, 2021
    Vision Statement !!

    The establishment of safe, secure, sound


    and efficient payment and settlement
    systems for the country

    December 8, 2021
    What should be done to build a Robust Payment System ?

    December 8, 2021
    Principle of six S’s

    Switching over to IT applications, interconnectivity of


    different strands of activity

    Standardization of products, applications & systems

    Seamless integration of applications & systems

    System administration

    System monitoring & overview

    Security in the IT & work environment

    December 8, 2021
    Payment System – RBI initiatives

    December 8, 2021
    Payment System – RBI initiatives
    We shall analyze these initiatives as :

    The institutional mechanisms

    The functional initiatives

    The efforts at expanding better infrastructure


    and integration of systems.

    December 8, 2021
    There is lot more to be done in the months to come
    in regard to payment system and this can be
    realized with our concerted efforts & co –
    operations.

    December 8, 2021
    The Tale of 2 Dolphins

    December 8, 2021
    Questions

    December 8, 2021
    Thank You

    Porus Mistry
    Head – Wealth Management, Government
    Business & RTGS - Operations
    9820807454 // 022-5697 7830

    December 8, 2021

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